Electronic Arts Inc. (NASDAQ:EA) CMO Chris Bruzzo sold 1,500 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $141.59, for a total value of $212,385.00. Following the completion of the transaction, the chief marketing officer now directly owns 59,964 shares in the company, valued at approximately $8,490,302.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Chris Bruzzo also recently made the following trade(s):
- On Friday, June 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $133.84, for a total value of $200,760.00.
- On Tuesday, May 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $118.94, for a total value of $178,410.00.
Shares of EA opened at $143.23 on Friday. The firm has a market capitalization of $43.26 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.41 and a current ratio of 2.41. Electronic Arts Inc. has a 1 year low of $99.63 and a 1 year high of $147.13.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 8th. The game software company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. Electronic Arts had a return on equity of 28.51% and a net margin of 20.25%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. research analysts anticipate that Electronic Arts Inc. will post 4.27 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in EA. Carmignac Gestion bought a new stake in shares of Electronic Arts during the 1st quarter valued at $288,674,000. BlackRock Inc. grew its position in Electronic Arts by 6.7% during the first quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock worth $2,755,165,000 after buying an additional 1,427,595 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Electronic Arts by 722.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,412,346 shares of the game software company’s stock worth $171,233,000 after buying an additional 1,240,724 shares in the last quarter. Brown Advisory Inc. grew its position in Electronic Arts by 46.7% during the first quarter. Brown Advisory Inc. now owns 3,076,162 shares of the game software company’s stock worth $373,023,000 after buying an additional 979,229 shares in the last quarter. Finally, Millennium Management LLC grew its position in Electronic Arts by 237.1% during the first quarter. Millennium Management LLC now owns 1,158,425 shares of the game software company’s stock worth $140,447,000 after buying an additional 814,796 shares in the last quarter. Institutional investors own 92.91% of the company’s stock.
EA has been the topic of several research analyst reports. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. William Blair reissued an “outperform” rating on shares of Electronic Arts in a research report on Friday, April 13th. Wedbush set a $138.00 price objective on Electronic Arts and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Vetr raised Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $142.00 price objective on the stock in a research report on Monday, March 19th. Finally, Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, April 6th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $144.91.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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